ABOUT CIM GROUP: CIM is a community-focused real estate and infrastructure owner, operator, lender, and developer. Our team of experts works together to identify and create value in real assets, benefiting the communities in which we invest. Back in 1994, our three founders focused on projects in Southern California neighborhoods. Today, we are a diverse team of 1,000+ employees with projects across the Americas. Our projects have delivered jobs; created comfortable places to live, work, and relax; and provided necessary and sustainable infrastructure. Our focus on enhancing communities is unwavering, and we strive to make an even greater impact in the years to come. Join us and make an impact today! POSITION PURPOSE: Serve as an Associate within the loan asset management function of CIM's growing commercial real estate lending platform. The Associate – Loan Resource Group is primarily responsible for ongoing, front-line management of construction, bridge, and other commercial real estate loans for CIM's various credit vehicles. CIM's credit vehicles currently consist of over $6B AUM, with an average balance of $120mm+, primarily through office, multi-family, hospitality, and industrial property types in major markets.
\n ESSENTIAL FUNCTIONS:Create and present a quarterly asset summary reports that concisely summarize (a) loan, (b) collateral, (c) market, and (d) sponsor -- risks, mitigants and trends. Re-underwrite and re-value CRE loan collateral (mainly office, hospitality, MF, and industrial) by creating 5-year cash flow proformas using Argus and Excel. Help the team lead manage the post-closing relationship with CIM's sponsors/borrowers, including providing research-driven recommendations and analysis with respect to lease approvals, construction draws, rebalancing requirements, asset dispositions, special servicing, and REO transactions.Coordinate among various CIM departments, including the Investments Group, Legal, Development, Leasing, Property Management to leverage in-house expertise when conducting analysis.Monitor asset-level compliance with loan covenants (i.e. debt yield tests, cash flow sweeps, extension tests). Oversee external servicer and construction consultants to review and fund borrower loan advance requests.Work with CIM's internal and external loan servicers to efficiently receive high-quality data and ensure borrower relationships are maintained, and borrower requests are processed timely with a focus on creating positive client experiences. EDUCATION/EXPERIENCE REQUIREMENTS: Bachelor's degree in Finance, Accounting, Real Estate, or other quantitative or related fields strongly preferred.2 - 4 years relevant professional experience in commercial real estate. CRE loan asset management and/or Bridge/Construction loan experience a plus. KNOWLEDGE, SKILLS, AND ABILITIES: Communication Skills Requirements:Adaptable and flexible team player who can effectively interact with both internal and external parties on complicated topics and sensitive matters.Ability to read, analyze and interpret complex documents including loan agreements, term sheets, and leases.Capability to respond effectively to time sensitive inquiries in written and verbal format to a wide range of audiences.Analytical / Reasoning Skill Requirements:Familiarity with real estate and real estate finance. Ability to comprehend and analyze general economic data and statistics and sum.Proficiency to model various outcomes as it pertains to real asset financial performance.Ability to define problems, collect data, establish facts, and draw valid conclusions.Time Management Skill Requirements:Strong organizational skills with the ability to manage multiple projects in a timely manner.Technical Skill Requirements:Demonstrated high level of proficiency with MS Office, especially Excel.Working knowledge of CoStar type data sources.Argus experience a plus (training supplied).
\nWHAT CIM OFFERS: At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including: • A variety of Medical, dental, and vision benefit plans • Health Savings Account with a generous employer contribution • Company paid life and disability insurance • 401(k) savings plan, with company match • Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave • Up to 16 hours of volunteer time off • Up to 16 weeks of Paid Parental Leave • Ongoing professional development programs • Wellness program, including monthly and quarterly prizes • And more! Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. HOW WE FEEL ABOUT DIVERSITY AND INCLUSION: At CIM Group, we believe that the unique perspectives and backgrounds of our employees enhance everything we do. We are committed to fostering an inclusive environment where diversity is not only respected but celebrated. We strive to ensure that our workplace is free from discrimination and harassment, allowing everyone to contribute meaningfully and feel a sense of belonging. As an equal opportunity employer, we strictly prohibit any form of unlawful discrimination and adhere to the laws enforced by the EEOC. Our goal is to provide a safe and supportive environment where all employees can grow and make impactful contributions together. *Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group. Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process. #LI-NP1